ABOUT THE INITIATIVE
Prarambh is India’s first legal tech incubator launched by Cyril Amarchand Mangaldas in February 2019. It aims of nurturing young entrepreneurs and developing bespoke legal technology solutions for the Indian legal market.
Prarambh is a collaborative effort between industry experts, start-ups, developers and more, Prarambh is firmly focused on driving innovation and fostering a spirit of entrepreneurship. In addition, as a well-rounded knowledge centre dedicated to developing legal service tools for the real world, it also provides a creative thinking space, mentorship as well as subject matter expertise. This was done by ensuring domestic talent is identified and given all the support they need to grow and transform the domain of Indian law through technological innovations.
How it works.
After a stringent selection process, every start-up that becomes part of the Prarambh ecosystem goes through a 12-stage programme that offers end-to-end solutions, from helping them set up, brand building to financial management planning, strategic planning, and networking. Everything to give them a competitive edge. Once a viable market offering is created that fills the need gap, these start-ups are provided exposure to investors, as well as any assistance they need to reach the largest audience possible.
Areas of Approch
Access to justice, dispute resolution, transaction efficiencies, legal research and law firm operations are some of the technology-led solutions that have helped develop through Prarambh.
Prarambh Cohort 1 was launched on October 9, 2019, and the cohort period finished on April 30, 2020.
Prarambh Cohort 2 was conceptualized and launch to address one or more out of 6 areas of interest, namely access to justice, increasing transactional efficiencies, improving law firm operations, improving litigation competencies, accessing government programs and reforms and the remote workforce. Any applicant would need to be in the “Ready to scale” stage. There were the 24 applications received – all of them were put through a rigorous multi-stage evaluation, which included detailed discussions and pitching sessions to specialists; and finally, the 3 start-ups were chosen.
The winners of Prarambh Cohort 2 are Conduct, Presolv360, and PropertyChek. These startups are working on a diverse range of impactful products, which can have a lasting impact on the Indian legal fraternity.
Conduct is a start-up specialized in cultural compliance using data;
Presolv360 on online cloud-based Online Dispute Resolution,
PropertyChek is a SaaS platform for title due diligence and registration.
